https://www.taxtmi.com/caselaws?id=9644 The High Court of GUJARAT ruled in favor of the Revenue, holding that the claim of Rs. 20,78,000 as revenue expenditure was not allowable. The Court found that the liability remained disputed and not settled during the relevant year, contrary to the Commissioner's decision. The Tribunal erred in allowing the claim, and the Court directed potential relief to be granted in the year when the liability is actually incurred, if requested by the assessee. The reference was disposed of with no costs awarded. en-us Tue, 22 Mar 2005 00:00:00 +0530 Sun, 28 Jun 2009 11:28:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=9644 The High Court of GUJARAT ruled in favor of the Revenue, holding that the claim of Rs. 20,78,000 as revenue expenditure was not allowable. The Court found that the liability remained disputed and not settled during the relevant year, contrary to the Commissioner's decision. The Tribunal erred in allowing the claim, and the Court directed potential relief to be granted in the year when the liability is actually incurred, if requested by the assessee. The reference was disposed of with no costs awarded. Case-Laws Income Tax Tue, 22 Mar 2005 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=9644